DOMH vs SPY: Correlation
Dominari Holdings Inc. (DOMH) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOMH and SPY?
Across a 3-year window, the weekly returns of DOMH and SPY correlate at 0.18, weak. The link has tightened recently: the 1-year correlation (0.41) runs above the 3-year figure (0.18). Stretching to 5 years gives 0.14, with an annualized covariance of 481.1 %².
Among the 23 assets we track against DOMH, SPY ranks #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPY ahead by 72.9 points (-52.3% versus +20.6%). One caveat on sizing: DOMH is 12.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DOMH vs SPY: side by side
| DOMH (Dominari Holdings Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -52.3% | +20.6% |
| 5-year return | -76.1% | +82.4% |
| Volatility (ann.) | 181.7% | 14.5% |
| Beta vs S&P 500 | 2.30 | 1.00 |
| Max drawdown (3Y) | -77.9% | -18.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | DOMH | SPY |
|---|---|---|
| 2022 | -67.3% | -18.2% |
| 2023 | -21.0% | +26.2% |
| 2024 | -62.2% | +24.9% |
| 2025 | +445.6% | +17.7% |
| 2026 | -40.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOMH and SPY good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DOMH and SPY?
Using weekly returns as of 2026-08-27: 0.18 over 3 years, with 0.41 over the last year and 0.14 over 5 years.
Is SPY a good diversifier for DOMH?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 mean?
A reading of 0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DOMH correlations · SPY correlations
